Fashion market in Uruguay

The Uruguayan Fashion eCommerce market is predicted to reach US$583.8 million by 2023 and accounts for 24.1% of the total eCommerce market in Uruguay. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 14.4%, resulting in a projected market volume of US$999.0 million by 2027. Within the Fashion market ecommerceDB considers the following three sub-markets: Apparel, Bags & Accessories, and Footwear.

Market development

eCommerce revenue development in the Luxury Footwear market in Uruguay

The Uruguayan Luxury Footwear eCommerce market is predicted to reach US$3.0 million by 2023 and accounts for 4.0% of the Footwear eCommerce market in Uruguay. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 11.7%, resulting in a projected market volume of US$4.7 million by 2027. The Luxury Footwear eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Leather Footwear, Other Footwear, Sneakers, and Textile & Other Footwear.

eCommerce revenue development in the Luxury Footwear market in Uruguay

in million US$, in %

Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war

Source: Statista Market Insights, ecommerceDB

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 73.9 85.6 45.8 97.0 80.8 9.7 81.5 95.2
AOV (in US$) 80.1 94.8 23.7 62.9 17.2 61.6 21.6 62.7
CVR (in %) 73.9 85.6 45.8 97.0 80.8 9.7 81.5 95.2
AOV: Average Order Value CVR: Conversion Rate